{
  "report_rows": [
    {
      "kpi": "Q2 2026 Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$7.00 vs. cons ~$6.83",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$10.92B vs. cons ~$10.80B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 Free Cash Flow",
      "prediction": "MISS",
      "answer": "pred ~-$100M vs. cons ~$300M",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 Adjusted EPS guidance",
      "prediction": "LOWER",
      "answer": "guide ~$27.65 (midpoint, unchanged $27.40-$27.90) vs. cons ~$27.93 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 Free Cash Flow guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$3.3B (midpoint, unchanged $3.1-$3.5B) vs. cons ~$3.3B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 Sales guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$43.75B (midpoint, unchanged $43.5-$44.0B) vs. cons ~$43.8B (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Space Systems segment margin commentary",
      "prediction": "UNCHANGED",
      "answer": "guide ~11% margin (reiterated) vs. cons ~11% (FY2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 1.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 0.4,
  "day5_path": "FADE",
  "day5_rationale": "An EPS/revenue beat should spark a short-covering relief bounce given deeply oversold conditions and already-slashed sell-side targets, but the FY2026 EPS guide (~$27.65 midpoint) sits below Street consensus (~$27.93), so analysts likely trim out-year numbers toward guidance even after a headline beat \u2014 the same dynamic that turned Q1's beat into a ~19% post-print decline via FCF/EAC concerns. Continued B-21 capex ramp and uncertain H2 cash conversion keep FCF-driven revision risk alive, causing the initial pop to fade over the week rather than follow through.",
  "day5_confidence": "LOW"
}